In this guide, we are going to cover the following topics related to Shopify Plus Payment Gateways:
- Shopify Payments
- Shopify Pay
- External Shopify Payment Gateways
Shopify Payments is the default option on all Shopify Plus stores and allows you the ability to accept credit cards and payments online without having to setup your own third-party merchant account. With Shopify Payments you can process credit cards online as well as get access to Shopify’s POS system to take credit card transactions in person. You can view your payment details, cross check them with order, view chargebacks all within your Shopify Plus dashboard. Setting up Shopify Payments is straightforward, you are going to need your bank account information and each region has different banking requirements, learn more here.
There is a list of supported countries and regions that you will want to review to see if Shopify Payments is available in your location. In addition to location, you will want to review the list of supported businesses to see if your company qualifies for Shopify Payments. Here are some of the businesses that are not allowed on Shopify Payments (for the most up to date list, make sure to review the link in the previous sentence):
- Mortgage Consulting
- Debt Consolidation
- Real Estate Opportunities
- Money Transmitters
- Check Cashing
- Money Orders
- Bail Bonds
- Collections Agencies
- Virtual Currencies
- Counterfeit or Unauthorized Goods
- Marijuana Dispensaries
- Alcoholic Beverages
- Online Pharmacies
- Adult Content
There are many more types of businesses that aren’t allowed, this is just a sample of the types of companies prohibited from using Shopify Payments.
Shopify Pay allows your customers to save their shipping, billing and credit card information and quickly move through the checkout process. This is a huge time saver and most stores see an immediate conversion lift as the friction in the checkout process is reduced. It’s important to note that that for your store to enable Shopify Pay, you must already be utilizing Shopify Payments.
Shopify Pay is an accelerated checkout method that you can enable directly from your Shopify dashboard. Apple Pay, Google Pay and Amazon Pay are additional accelerated checkout methods that you can enable on your store.
Shopify Pay has the following benefits
- Your customers can avoid filling forms out at checkout
- Customers don’t have to remember passwords, they can be authenticated with a mobile device
- Shopify provides PCI compliant servers, keeping your information safe
- Encryption to ensure your customer data is secure
External Payment Gateways
If you have an existing payment gateway and would like to check to see if will work with Shopify, here is a handy list of payment providers by country. You might also have a product or service that won’t work with Shopify Payments and here are some examples of third party payment providers acceptable in the United States:
- Chase Paymentech
- PayPal Express Checkout
- Sage Payment Solutions
For the complete list of Shopify Plus US payment gateways, check out this page on Shopify for up to date information.